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Unlike life companies, we at Endowment Check don’t predict, we provide you with a coprehensive endowment shortfall and maturity calculation .
Endowment Check is the only company who offers policy holders a ‘Look Into The Future’ by using current bonus rates, including the terminal bonus, to calculate the maturity value of endowment with profit policies.
A common misconception is that projection figures issued by life companies will show exactly the same calculation. This is NOT the case! It is also worth mentioning, that there tends to be confusion about the difference between policy valuation and maturity valuation.
Life companies’ projection figures show usually growth rates of 4%, 6% and 8%. But what are these based on? What looks like an industry norm is in reality a mismatch of different calculations, e.g. projections, surrender values, asset shares, investment performance to date, etc.
It is only at expiry date, that a life company will use bonus rates and sum assured to work out the final maturity value of endowments.
Many policy holders sell or surrender their endowment policies before maturity, because they feel it is not worthwhile hanging on to them. Investors, who have bought such policies, known as Traded Endowment Policies or TEPs, have done quite well over the years. Companies like market makers, whose sole purpose it is to trade endowments, use the term ‘policy valuation’ to assess whether or not an endowment policy can potentially been bought and sold. The irony is, that if you where to sell your endowment with profit policy you would be told a selling price, which must be higher that the surrender value offered by your life company, but you would not be told the maturity value of your endowment. That is something the new purchaser of your policy will want to know, as for him your endowment policy becomes an investment. An investor wants to know the potential gain as accurately as possible and for that he needs to know what the maturity value, based on today’s bonus rates, would be, and NOT any future projection figures issued by life offices. Would you not want to know, too?
Of course, if you were to sell your endowment policy you want to make sure you will get more than the surrender value offered by your life company and that you like to find the best offer on the market, but you may forget that you could lose out in the long run.
- Don’t you need to know the full picture before you sell or surrender your endowment with profit policy?
- Would it not be better knowing what the maturity value of your endowment would be?
- Put your self into the shoes of the person who buys your endowment!
- Why would it be worth his while to buy your endowment policy?
- Does he know more than you do?
Well, the big difference is that he will know the future maturity value of what was your policy and you won’t. He will know what his potential investment will be while you will be in the dark not knowing what you have potentially lost. Who is winning who is losing? Why gamble with your investment?
Anybody who has an endowment with profit policy or any other investment for that matter would like to know how it is performing. It is always easier to look back, but in reality we like to know what the future will hold in stock for us. And this is what Endowment Check can offer you. We will use exactly the same maturity calculation to day, based on current bonus rates, as the actuary of your life company would use at maturity and Not on life companies projection figures.
Want to know what the future holds in stock – calculate the maturity of your policy today
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"After saving me £3,600 in premiums - Endowment Check proved to be a good investment."
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